A price in the region of £4 million to £5 million (€5.08m-€6.35m) is likely to be achieved for the Rushbrook Hotel and apartments at Cobh, Co Cork, which are to be auctioned on May 23rd by joint agents Insignia Richard Ellis Gunne and Hamilton Osborne King. The complex fronts on to the river Lee beside Cobh, a heritage town about 15 miles from Cork city. The 26 apartments, which provide 66 bedrooms, were developed about two years ago and are fitted out to a high standard. Many of the rooms have balconies overlooking the harbour. The overall site of 1.5 acres is tastefully landscaped. New owners will be able to avail of over £4.5 million (€5.7m) in capital allowances.